India, Germany to strengthen ties and increase investments: Habeck
We can't decouple from China but de-risking and diversification is of highest importance, he said
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New Delhi Germany's Vice Chancellor and Minister of Economic Affairs and Climate Action Robert Habeck on Thursday said India and Germany want to further strengthen bilateral cooperation and increase investments and collaboration among companies.
He arrived on a three-day visit to India on Thursday. Talking to reporters on the sidelines of the Indo-German Business Forum here, Habeck also said China is Germany's biggest trading partner and a lot of German and European companies have invested in that country. "It is a huge market and this goes the same for India and for the US for example. On the other hand we see that being dependent on only one market could be a risk and even more so if we see that economic issues are not politically neutral, that interests are interwoven in the economic relations," he said.
He further said "we can't decouple from China" but de-risking and diversification is of highest importance. Diversification, he said means that other partnerships, the Indo-German partnership and other ones as well, become more and more important. "My understanding also from the talks ahead with the Indian partners is, that goes the same for India."
